How Gold Price Is Set in Pakistan
A clear guide to how Pakistani gold rates are derived — from global markets to your local jeweller.
Step 1: International gold spot (USD)
Gold is traded globally in US Dollars per troy ounce. Our homepage chart shows live XAU/USD as the international benchmark.
Step 2: USD to PKR conversion
The open market dollar rate converts that ounce price into Pakistani Rupees. This is why dollar and gold rates often move together — see gold & dollar dashboard.
Step 3: Sarafa reference rates
City Sarafa associations publish 24K, 22K, 21K and 18K reference rates per tola and gram. These are benchmarks — not final shop invoices.
Step 4: Jeweller adjustments
Shops add making charges, taxes and may apply khaat when buying back old gold. Always confirm the quote at the counter.
Frequently Asked Questions
Who sets the gold rate in Pakistan?
Major Sarafa associations publish daily reference rates based on international bullion (USD/oz) converted to PKR. Individual jewellers add making charges and margins.
Why does gold change during the day?
Global gold trades 24/7 in USD. When spot gold or USD/PKR moves, local PKR rates can be revised.
Disclaimer: The gold and silver rates provided on this website are aggregated from various local bullion markets and Sarafa Associations across Pakistan. While we strive to maintain accurate and up-to-date information, these prices are indicative and subject to continuous market fluctuations. They do not include making charges, local taxes, or dealer commissions. We recommend verifying the final price with your local jeweller before making any transaction.
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